I’m confused on what this bullboard is finding positive in this news release.
Since August they have
- cleaned up the drill sites
What they have not done
- made progress on a jv
- got an agreement with the Puntland Government
- started the seismic and may not for 6 months “expected to commence in the first half of 2013”
I do not believe they would send this news release out if they had progress to report just around the corner. Since the stock recently spiked on no news I believe it will be drifting down over the next while back to $.25 again before we see a big jump on real progress.
I bought Horn at both high and low prices and contemplating on dropping some of my position until it drifts down. What makes me nervous is that I often get it wrong when I take a few profits in a stock that I want to stay long in.
Any thoughts on what I am getting wrong here.